investment £291.9 billion pounds. And in the UK reduce £317.0 net investment in the second quarter, called the highest record, it is in the previous quarter after the £298.3 investment. (View on table D)
----------------from <Pink Book>
Since 1984, UK had always been deficit in every year. From 1987 the deficit was expanding from -8 billion to -11 billion, then the second phase from 1992 to 1997, the situation of payment is recovery to -1 billion which is good view for UK in current payment. Focus on the 2007, the payment was facing the disaster which is the current account recorded in nearly -52 billion, about the biggest deficit during this period increasing almost 5 times with 1987.
1986 1991 1996 2001 2006 Export
of goods
72997 103939 167196 189 093 243 635 Export
of service
26709 34723 61851 87 773 132 749 import
of goods
82614 114162 180918 230 305 319 947 import
of service
18527 28411 27539 70 573 99 641 Balance –3 614 –10 615 –962 –18 657 –52 568 ----------------from <Pink Book>
From the chart, we can see the import of goods and export of goods are all significant increasing in every year identified. However, the deficit is inevitable in goods of trade. Looking at the Current Account we notice that Income has decreased rapidly, and negatively grow a small of £85 million in 1986 to negatively £665 million in 2007, the difference is almost 590 million. However, between those years, the fluctuation of income is instable, especially in 1997, 1999, 2000, 2001, 2002, 2003 and 2004 through years the income has a positive growth to 150 million and 250 million. The Trade in Goods and Service has significant increased from negative 1435 million in 1986 to positive 590 million, which has grow about 2000 million in 2007. The result is a deficit, 52568 million in 2007, existing which is growing from negative 3614 million in 1986 nearly less 2
£ Billion
£Million。